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not expand production. >> right. >> this is the biggest uncertainty, is the craziness over the debt ceiling and the second biggest is the sequestration. there's that piece of it. there's the broader piece, which is we need to do more than just have a cyclical upturn. what you were describing elegantly, exactly right, there is a cyclical rise of return of the american economy. housing is up, energy production is up. but there's a broader issue, which is how do we get the kind of growth we used to have in this country, 3%, 4% growth? in order to do that, we have to invest more in this economy. we're investing half as much as we used to in infrastructure. we're investing half as much in science and technology. and we're investing much less than we used to in core areas of education -- state universities, for example, are being decima decimated. if you don't invest for the future, where are you going to get the growth? >> but in 2008 and 2009, invest became a bad word. it became government spending. when you're talking about investing, you're talking about a sophisticated manner. some governmen
obama late this afternoon. they want him to use any means necessary to raise the debt ceiling without republican house spending cuts. that's right. cnbc's eamon javers has the details. >> reporter: let me get right to exactly what that quartet of senators said. in their letter to president obama which was viewed widely as shoring up his left flank in the political debate over the debt ceiling. what they wrote was "we believe you must be willing to take any lawful steps to ensure that america does not break its promises and trigger a global economic crisis without congressional approval, if necessary." now the signers of this letter were harry reid, dick durbin, chuck schumer and patty murray. speaker boehner said "senate democrats cannot ignore their responsibilities for political convenience. and the american people will not tolerate an increase in the debt limit without spending cuts and reforms." larry, let me tell you what i think is going on here. i think these democrats are trying to send a signal both to the white house but also to republicans involved in this debate that they
-of-the-union address for february 12th. that's right about when you'll be approaching that debt ceiling limit again. that's no accident. the president wants to ex ert as much pressure on congress as possible to be able to blame them if it goes wrong. >> right now looking at march 1st. the "washington post" saying it could be more like february 15th. right around the state-of-the-union. dana, i want to move onto the president's cabinet picks. we have jack lew who's been criticized for his ties to wall street. both sides have been critical of chuck hagel for various reasons. in your latest piece, dana, you argue the president should be able to pick whomever he likes. tell me about that. >> you hear a lot of the republicans now saying opposing nominees because he's close to the president or because he shares the president's policies. now, you can argue that maybe the president should not stack his cabinet with yes men. the president himself said he wanted a team of rivals lincoln style cabinet. he's going against that. but the truth is, the president won re-election. he's entitled to name whatever adv
's establish the realness here first. if they do go over -- if they don't vote to raise the debt ceiling, there will be consequences. >> absolutely. >> there's no disagreement about that, right? >> clearly. >> yeah. >> one of the arguments that republicans and sort of apologists for the house gop frequently make is that well, you know, this whole idea of a default and we've taken ten times more revenue every day than we pay in interest payments which is not technically true. there are days we don't take in as much revenue as there are interest payment that's day p it's a discussion about whether we're going to pay past promises or not. let's say we wer're not going t default on the system, we're a rich country debating are we going to honor our promise that's we've already made which is already preposterous. it's not this super soaker-nerf thing. it's a real threat of not paying our bills. this is a real situation. >> it is a real threat? >> you know, i think that it certainly not a threat that is priced into the market today. >> so the market is pricing it in but this is a bluff? >> i t
with the debt ceiling and bigger issues looming. >> what do you think of jack lew? he's to replace tim geithner. seems that we're on the verge of a different kind of philosophy now. >> yeah. i think what's interesting is barack obama is getting to people who are closer to him. jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't have to worry about running ever again. so he's like, look, i'm going to put my stamp on america whether you like it or not. >> a lot has been said about this, that in many ways the new cabinet, the high posts are older white men, not reflective of american society. there have been a number of women that have clearly -- >> yeah. >> secretary of st
obligations. this, if lawmakers cannot agree to raise the nation's 16.4 trillion dollar debt ceiling next month. well, the flu outbreak reaching epidemic levels. the flu is now widespread in 47 states, look at this map right now. everywhere, but california, hawaii and mississippi, but the biggest concern is that the vaccine supply is already start to go run low. the fed say it's killed 20 children, no count yet how many adults have died. i'm kelly wright, now back to cavuto on business for the latest headlines, log on to . >> neil: all right, these aren't jobs from the movie outbreak. a triage unit at a pennsylvania hospital, more are going up for treating the latest flu cases and it's not just hospitals across america that are feeling rundown. so is the american workplace and now workers are afraid to call in sick out of fear of losing their jobs, so that could be making that flu outbreak worse. >> absolutely. unemployment still at 7.8% and i think that managers in companies far and wide do enough to tell people to stay at home. but i think that fear is right and just. peopl
is that they don't believe that they have the right to use the 14th amendment to increase the debt ceiling without congress. they say they're not going go that route and here's where it gets complicated and he's not going to negotiate with congress and it begs the question if he's not going to negotiate with congress, how will it get resolved and republicans are digging in their heels saying they will not increase the debt limit unless it is offset with the equal amount dollar for dollar cuts in spending. democrats say they're not going agree with that because it will likely target entitlements and that is where these battle lines are being drawn and thomas, this is a similar fight that the white house had with congress in 2011. the white house back then was asked about invoking the 14th amendment and the white house said they were going to use it and they, in fact, never did. they had democrats from outside of the white house and former president bill clinton, for example, who said the 2011 battle that the president should invoke the 14th amendment and just increase the debt limit unilaterally. o
to unilaterally raise the debt ceiling without approval of congress. and that is the scuttlebutt right now in washington, that the president is simply going to do it whether congress authorizes that extension or not. neil: you know, sabrina, it's odd that this is occurring the same week we saw the movie "lincoln" honored with 12 oscar nods. of course, a lot of people point to the fact that abraham lincoln, you know, habeas corpus went way after and way beyond what constitutional powers he was granted, and critics say this president is, essentially, doing the same. i always remind people with this flippant comment, i knew abraham lincoln. abraham lincoln was kind of an historical friend of mine. this guy's no abraham lincoln, nor are the circumstances the same. what do you say? >> you're exactly right. the difference is abraham lincoln had his priorities in order, and one of the re problems with president obama is his priorities seem to be a mess. instead of talking about spending control, we're talking about gun control. instead of talking about solid, long-term economic solutions to help
the debt ceiling, we've known about all of these things, so the reason why, jamie, the president's putting more emphasis on immigration and putting more emphasis on other things and gun control, not saying that that's not important, he can't stand on his policies of the past. >> jamie: but he did campaign on those things and i know he wants to fulfill those promises, but angela, is he not in touch with the american public sitting home right now in a chair saying when am i going to go back to work? >> he's out of touch with the american public, but it's never been about the american public, it's been about the liber liberal agenda, president obama's national agenda and controlling the dialog. with the mainstream media. and i believe that americans will speak up and as we have wall street being protested against, i think this administration will be protested against when people cannot find jobs. >> jamie: julie. i know you would disagree and say that the administration is addressing these issues and wants to push harder on a jobs agenda, but if the president isn't getting the message out and
Search Results 0 to 12 of about 13 (some duplicates have been removed)